FICO and Repossession

[DI]

---

@happy0510 wrote:

---

@Anonymous wrote:

I was thinking about getting a personal loan to pay off the delinquency balance when it is finalized. Do you think Chase would do a pay to delete deal with me? I keep reading it is common, but then that the creditor is required to report accurately so I am unsure.

---

I think anything is possible.  Sounds difficult, but it never hurts to try.

IME, my repo was reported as a CO, never as a repo. 

---

Yes it's possible to get a repo deleted, but it takes a lot of time and effort.  Also, most repos are not listed as a repo on credit reports.  It's common for them to be listed a  CO.  Mines was listed a CO. 

[Anonymous]

I had 2 of them and both reported as repossessions, not COs.  But it could depend on the financial institution reporting.

Mine were from two of the worst there are,  CPS and Drive Financial (Santander).

[llecs]

I think it is a YMMV too. My Americredit was a redeemed repo (after being just 30 stinkin' days late) and reports as a repo now. Come this time next year, it shall be no more.

[DI]

Mines was with Mitsubishi.   They were tough, but I was so much smarter than the collection manager. She was nice though. 

[Anonymous]

So did any of you successfully have the repo deleted?

[DI]

---

@Anonymous wrote:

So did any of you successfully have the repo deleted?

---

Yes, with the original creditor and collection agency. 

[Anonymous]

What did you do and what should do in order to do that same?

[DI]

---

@Anonymous wrote:

What did you do and what should do in order to do that same?

---

Yoiu'd have to find my old posts dating back to around April and May 2009. 

[TheLegend]

You would've been better off having the car ....well, never mind.. I bet not say that.